On April 25, 2018, Canaccord Genuity Group Inc. announced the finalization of an agreement to directly acquire Jitneytrade Inc. and Finlogik Inc., as well as Finlogik Capital Inc. Jitneytrade is a direct-access broker and also trades futures and options in Canada. Finlogik Inc. provides the Canadian market with value-added financial technology solutions.
This alliance provides a unique opportunity for Canaccord Genuity Group Inc. to build on Jitneytrade's ability to trade and offer its clients preferred access to global financial markets while expanding its financial technology services offerings.
This acquisition was finalized on June 6, 2018. Élise Renaud and Émilie Marceau represented Jitneytrade and were responsible of the regulatory aspects of the transaction, such as ensuring the approval of the Autorité des marchés financiers [Financial markets authority] and the Investment Industry Regulatory Organization of Canada be obtained.
